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Moving towards a tax level playing field for Islamic finance
3 Jan 11
The review of tax treatment of Islamic Finance products is one of the main tax recommendation of the Report on Australia as a Financial Centre....
Great Eastern launches Takaful business in Malaysia
20 Dec 10
Great Eastern offers Islam-compliant insurance products and services to cater 60.4% of Malaysia's population of 28.3mln.
Maybank unveils Syariah bank in Indonesia
19 Dec 10
Maybank Syariah Indonesia part of Group’s aspiration to extend its Islamic banking operations regionally.
HSBC Amanah to launch additional 26 branches
25 Nov 10
Th lender aims to provide world class service to customers by offering a complete Islamic finance.
Sabah Credit Corp forays into Islamic banking
24 Nov 10
AmIslamic Bank Berhad and Sabah Credit Corporation signed a US$31.9 million Islamic Banking Facilities agreement.
Bank Negara approves joint takaful licence for Public Bank and ING
18 Nov 10
The takaful products to be promoted through the multi-distribution channel of tied agency, bancatakaful and employee benefits currently existing...
Bank Negara Malaysia grants two mega Islamic banking licenses
9 Nov 10
Malaysia opens its doors to international banking as it implements liberalisation measures over the period 2009 to 2012.
CIMB Islamic signs $100mln facility with HP
28 Oct 10
The facility to be used for financing HP’s 32-acre “next generation data centre” in Cyberjaya.
CIMB Islamic names Achmad Riawan Amin Director
22 Oct 10
Hiring of current Indonesian Islamic Banking Association chairman emphasizes Indonesia’s importance to the group.
Maybank Syariah Indonesia may launch operations next year
4 Oct 10
Lender’s conversion to sharia of commercial bank still needs endorsement by BII shareholders to materialize.
CIMB Islamic launches Ijarah Property Financing-i
21 Sep 10
First lender in Malaysia to offer home financing based on Ijarah concept.
Great Eastern and Koperasi Tentera JV bags Family Takaful licence
6 Sep 10
Licence will enable Great Eastern Takaful to distribute syariah-compliant life insurance products in Malaysian market.
CIMB Islamic optimistic on sukuk issuance
26 Aug 10
Lender sees product to surpass $20bln as global sukuk market is rebounding from crisis.
Maybank Islamic unveils Waqf product
20 Jul 10
Contributions will be managed to create continuous stream of funds towards charity programmes by YWM.
Maybank to convert Indonesian unit into syariah bank
25 Jun 10
BMI keen to exploit growing potential of Islamic banking following its $93.44mln capital reduction.
HSBC Amanah forecasts strong Asian sukuk sales
3 Jun 10
Region’s share in $1tln Islamic finance industry expected to increase amidst European and Dubai credit crises.
DBS reduces staff in Islamic banking business
26 May 10
IB Asia suffered $77.1mln loss in 2009 and even planned earlier to cease lending operations entirely.
OCBC Al-Amin Bank eyes double-digit growth asset, profit surge
24 May 10
Lender confident of hitting the target as global economic recovery fosters Islamic banking growth.
Foreign banks step up Islamic banking expansion
18 May 10
Lenders eye to dominate market share via more branches, innovative products.
Malaysia central bank to introduce Shariah governance framework
13 Apr 10
Timing of launch deemed strange as Shariah advisory role in Islamic finance is under scrutiny.
Maybank Islamic eyes financing to grow above 18%
7 Apr 10
CEO positive Islamic financing's rising trend to continue as zakat payment grew 38% from past FY.
Bank Rakyat 2009 profit up 18%
11 Mar 10
Report showed lender as Malaysian leader in ROA with its $336.92mln net.
Deutsche Bank Malaysia secures international Islamic banking license
4 Mar 10
Bank Negara Malaysia allowed Asia to have better access on lender's global Islamic banking platform.
Malaysian Islamic banks confident on new competition
23 Feb 10
Bankers see additional licenses resulting to wider array of syariah-based financial services as opportunities for expansion.
Sharia banks in Indonesia may offer bigger returns
18 Feb 10
Bank Mega Syariah Indonesia said demand for Islamic products could boost Islamic lender's ROE by 40%.
HSBC Malaysia forecasts strong growth in SME unit
12 Feb 10
Optimism attributed to expanding branch network coupled with SME owners’ 24-point Q4 confidence level.
Islamic Banking creates new horizons for banking solutions
6 Jan 10
The last few years have experienced a rapid growth of Islamic banking and finance services around the globe.
Islamic Bank of Asia chief resigns
21 Dec 09
DBS Islamic arm maintains commitment on bank's growth following CEO Vince Cook's quitting.
HSBC: Affluent customers prefer Shariah banking
17 Dec 09
HSBC will aim at internationally mobile, affluent Islamic consumers with its Amanah Premier.
More growth in Indonesian Islamic banks seen
10 Dec 09
More than 80 percent expected growth would depend on effectiveness of regulations like eliminating double taxation.
StanChart Islamic unit aims expansion
4 Nov 09
Global economic recovery and opening up of some countries for Islamic banking spur StanChart Saadiq’s expansion.
CIMB offers low-risk Shariah investment
16 Sep 09
CIMB-Principal launched a tax-efficient alternative to traditional deposits, which provides potentially higher returns and allows withdrawal...
Maybank tailor-fits shariah for mid-markets
17 Aug 09
Maybank Islamic launched a Shariah-compliant trade finance solution tailor-made for middle market and corporate customers involved with commodity-...
Maybank Singapore launches new Islamic term deposit
17 Jul 09
For a minimum placement of S$10,000 or US$6887 for a 12-month tenure, clients can avail of Maybank Singapore's first Islamic term deposit.
Maybank Islamic targets US$566M in deposits
26 May 09
Maybank Islamic is targeting US$566.7 million in deposits from its launch of two new financial products, within one year.
Treasury operations boost Hong Leong Islamic profit by 15%
21 May 09
Hong Leong Islamic Bank posted a net profit after tax of US$15.473 million, up 15 percent year on year.Total distributable income was higher at US...
HSBC Amanah Malaysia expands in Shah Alam
18 May 09
HSBC Amanah Malaysia has expanded branches within six months with the opening of its Shah Alam branch.It is the first locally incorporated foreign...
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